   Chapter 15.III, Problem 6RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Marketable Accounts Quick Acid Test Company Cash Securities Receivable Assets Ratio 6. Super-saver, Inc. $39,350$95,000 $52,770$187,120 1.42:1 Use the additional financial information below to calculate the quick assets and acid test ratio for the companies in Questions 1 -5. Company CurrentAssets CurrentLiabilities WorkingCapital CurrentRatio 1. Super-Saver. Inc. $450,000$132,000 $318,000 3.41:1 2. Impact Builders, Inc.$125,490 $74,330 3. Thunderbird Electronics. Inc.$14,540 $19,700 4. Forget-Me-Not Flowers$3,600 $1,250 S. Shutterbug Cameras$1,224,500 $845,430 To determine To calculate: The number of quick assets and the acid test ratio for the company Super-Saver Inc. which has a cash balance of$39,350, marketable securities of $95,000, accounts receivable of$52,770 and current liabilities of $132,000. Explanation Given Information: The company Super-Saver Inc. has a cash balance of$39,350, marketable securities of $95,000, accounts receivable of$52,770, and current liabilities of $132,000. Formula used: The formula for the quick assets is, Quick Assets=Cash+Marketable securities+Accounts receivable The formula for the acid test ratio is, Acid test ratio=Quick assetsCurrent liabilities Calculation: Consider that company Super-Saver Inc. has a cash balance of$39,350, marketable securities of $95,000, accounts receivables of$52,770 and current liabilities of \$132,000

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

#### Use the simplex method in Problems 11-14. 13. Minimize subject to

Mathematical Applications for the Management, Life, and Social Sciences

#### Prove the identity. 46. (sin x + cos x)2 = 1 + sin 2x

Single Variable Calculus: Early Transcendentals, Volume I

#### Evaluate 1(x41+x6)2dx.

Single Variable Calculus: Early Transcendentals

#### It does not exist.

Study Guide for Stewart's Multivariable Calculus, 8th 